Report – Twenty-Five Years After Federal Pension Reform

by Sabrina I. Pacifici on July 5, 2011

Twenty-Five Years After Federal Pension Reform, Employee Benefit Research Institute, July 2011

  • “Congress created the Federal Employee Retirement System (FERS) in 1986, in the most sweeping overhaul of retirement benefits for civilian workers in modern times. The law is now 25 years old, has changed little (other than modest expansion of investment choices), and remains the basis for retirement benefits provided to some 3 million civilian federal workers. With state governors and legislators currently grappling with many of the same issues Congress faced in 1986, FERS may provide useful background for their deliberations. This report provides a legislative history of the arduous five-year effort to overhaul the federal retirement system by enacting FERS and how various forces affected the passage of the law.”
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